US President Donald Trump and Russian President Vladimir Putin will meet in Alaska next Friday to discuss the future of the war in Ukraine.

Axar.az reports, citing BBC, Trump announced the 15 August meeting on social media and it was later confirmed by a Kremlin spokesperson, who said the location was "quite logical" given Alaska's relative proximity to Russia.

The spokesperson added that Trump had been invited to Russia for a potential second summit.

There was no immediate reaction from Ukraine.

The announcement of the meeting came just hours after Trump had signalled that Ukraine might have to cede territory in order to end the war, which began with Russia's full-scale invasion of its neighbour in February 2022.

"You're looking at territory that's been fought over for three and a half years, a lot of Russians have died. A lot of Ukrainians have died," Trump said at the White House on Friday.

"It's very complicated. We're going to get some back, we're going to get some switched. There will be some swapping of territories, to the betterment of both."

The US president did not provide further details of what that proposal would look like.